Crisis Investing editor Nick Giambruno agrees. He wrote in a recent note to his subscribers:

Just a few weeks ago Vermont legalized recreational cannabis, too. New Jersey is also set to legalize recreational cannabis by this summer. And the governor of New York has expressed an interest in legalizing recreational cannabis as well.

Meanwhile, a handful of other states are quickly moving to soften their cannabis laws. The cat is out of the bag… widespread legalization in the US inevitable.

Nick’s right. It’s too late for the feds to shut down the marijuana industry. The pushback at the state level would be overwhelming. It would blow up in their faces.

Keep this in mind if you own marijuana stocks: Take a long-term approach. And don’t let a little volatility shake you out of your positions.

You may even want to treat pullbacks as opportunities to buy world-class marijuana stocks at deep discounts. After all, Doug Casey is famous for saying, “Volatility can be your best friend.”

Regards,

Justin Spittler
Tulum, Mexico
February 12, 2018

P.S. Casey Report editor E.B. Tucker also believes the marijuana industry is here to stay… and is presenting a massive money-making opportunity. He recently discovered three marijuana stocks set to soar in the months ahead. You can learn more by watching this new video presentation.

Chart of the Day: Gold’s Next Big Move

By Justin Spittler and Joe Withrow

Gold looks like it’s about to break out.

To understand why, look at today’s chart. You can see that gold’s been trading sideways since 2013. That’s an extremely long consolidation period.

In that time, gold’s been getting ready for its next move. Now, that move could be to the downside or the upside. Only time will tell… But all signs point to gold ripping higher.

After all, gold’s up 9% since the start of 2017. It’s now bumping against major resistance at around $1,350. If it breaks above that, gold could be off to the races.

We’re not the only Casey analysts who think gold is poised to rip higher.

Casey Report editor E.B. Tucker also thinks it’s only a matter of time before gold breaks out. He wrote in the December issue of The Casey Report:

Gold is four years into being stuck between $1,050 and $1,350. When something stays stuck in a range for a long period of time, it tends to build up pressure for a big move one way or the other.

This is a massive opportunity for speculators. And that’s because a big move by gold could trigger a “rip your face off” rally in gold stocks.

So, consider speculating on gold stocks. Also, remember that mining stocks are speculative, so treat them as such.

—Justin Spittler and Joe Withrow

Editor’s note: Owning gold and speculating on gold stocks are also great ways to prepare and profit from a market crash. But they’re not the only ways…

Next week, we’ll be publishing a special morning series in the Dispatch with more strategies on how to protect yourself during a crash. Stay tuned.

Reader Mailbag

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